3 important reasons to integrate your project management and accounting systems

Published · 1 min read

While in the field, your project managers face any number of questions that must be answered quickly, with accurate financial data. By implementing an integrated project management and accounting system, you can be confident that your project managers will get exactly what they need when they need it.

When project managers are forced to contact accounting staff for project-related financial data before making decisions, costly delays can occur. What’s more, the tardy decisions can be made with data that is outdated or incorrect due to error-prone double entry.

By investing in technology that seamlessly connects project managers with accounting data, you’ll eliminate these problems, and enjoy these other key benefits:

  1. Improved contract management. Subcontract and purchase order detail can be imported directly into your accounting system without the need for double entry. Errors are reduced, and you get an accurate read on committed costs.
  2. Better cost management. Project Managers are able to retrieve cost information in real-time, enabling them to make adjustments if projects are in danger of going over budget.
  3. More accurately forecasting. Project managers are able to immediately see committed costs vs. estimated expenses and then create forecasts quickly, accurately, and efficiently.

To learn more about the benefits of connecting your field personnel and accounting staff, watch this brief video to see how Sage accounting software integrates with cloud-based Procore project management technology.

 

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